On April 3, the Internal Revenue Service (IRS) issued guidance clarifying that housing for military veterans and households with special needs are eligible for bond financing. Rev. Proc. 2019-17 coordinates the general public use requirements for qualified residential rental projects financed with tax-exempt bonds with IRS provisions that govern the Low-Income Housing Tax Credit (Housing Credit). This eliminates prior concern that housing for veterans and other specified groups financed with multifamily Housing Bonds and the 4 percent Housing Credit would be in violation of the multifamily bond general public use rule. Learn more about the guidance in this blog post.